00:00Let's start with Google losing its long-running fight against the $4.7 billion European Union
00:06antitrust fine after the bloc's top judges said regulators, well, they were right to
00:11punish the U.S. giant for abusing Android's market power. The European Court of Justice
00:16has ruled that Google's earlier defeat against the European Commission penalty should stand.
00:23The decision legally binding marks a significant win for the Brussels-based regulator.
00:28They've been fighting Google through the EU's courts since the fine was first level back in 2018.
00:33So this decision, a constraint on the Android business model, which has provided free software
00:40in exchange for conditions imposed on mobile phone manufacturers.
00:44You know who I was thinking about this morning? Dennis Kozlowski and Tyco.
00:50Remember Tyco, among other things, their business included the undersea cables that carried internet traffic.
00:56And just before he was led off to prison, I was talking to him in lower Manhattan in court
01:03about overcapacity. It's like, no, don't worry about it. Anyway, that's what I was thinking about this
01:09morning. The next stock, SoftBank, starting a new U.S. venture to rent out the computing power
01:16needed to build and run AI models. So they're trying to capitalize on strong American demand for
01:22AI computing resources. The new company is going to be called SB Neo. It aims to offer cloud
01:29computing services to major U.S. enterprises, including the hyperscalers. Starting in March
01:36of 2028, they'll compete with the likes of CoreWeave. SoftBank joining a crowded cloud services
01:43field as concerns grow about potential, there's that word, overcapacity. And word that meta
01:51platforms working on selling access to its AI computing power, that's weighing on memory chip
01:56stocks like Micron. Yeah. Analysts say meta could crash the NeoCloud. Exactly. This NeoCloud thing,
02:03reading folks over the weekend, Jim Channels, massive shout out on this.
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